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Category: Tuition

An Update from Australia

Back in our spring (their fall), the Government of Australia announced a new university funding policy, which consisted of: Cutting per-student public funding by about 20%; but, Subsequently allowing funding to rise along with enrolments (this is known in Australia as “demand-driven funding”); Simultaneously de-regulating all tuition; and, Allowing the interest rate on student loans to rise from equal to inflation to equal to the government’s 10-year bond rate (i.e. actually placing a real interest rate on the loan). Understandably, students

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November 12, 2014 No Comments

An Update from England

In 2012, the UK government allowed tuition in English universities to rise from a little over £3,300 to ($5,500) to about £9,000 ($15,300) in a single year.  Well, technically, they de-regulated tuition up to a maximum of £9,000, but since charging less than the maximum would obviously imply that programs weren’t top-quality, pretty much everyone went to the maximum immediately. Actual average tuition jumped to about £8,600 ($14,620). So, of course, we’ve all been wondering what the effects of this would be. 

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November 11, 2014 1 Comment

Yet More Reasons Free Tuition is a Bad Idea

The easy case to be made against free tuition is that it benefits students from richer backgrounds.  That’s because they are more numerous in higher education than students from poorer backgrounds and so, on aggregate, would receive more aid.  But that misses a more important point: because of the interaction between student aid and tuition, students from wealthier backgrounds would also receive a bigger benefit on an individual level. Let’s take a really simple example from Ontario.  Take two students, Adele and

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November 4, 2014 1 Comment

Cost of Attendance

You may recall that we recently put out a paper looking at “net prices” in Canadian higher education, which concluded that, in many cases, these prices were substantially lower than is commonly believed, and that too many of our subsidies in higher education were effectively hidden from those who benefit from them.  The reaction for the most part was amusingly incoherent – mostly variations on “they must be lying, because I’ve never heard of these hidden subsidies”. But there was

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October 29, 2014 No Comments

Free Tuition in Chile

Last fall, Michelle Bachelet was once again elected as President of Chile, on a considerably more radical platform than that which propelled her to the same position eight years earlier.  One of her many campaign promises was to make higher education completely free.  This is a Big Deal.  It’s not like Germany, where tuition was only ever a derisory sum; in Chile, tuition payments are equal to 2% of GDP, a larger percentage than anywhere else in the world, outside

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October 15, 2014 No Comments

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One Thought to Start Your Day is our founder and CEO Alex Usher’s popular daily blog, brimming with up-to-the-minute insights and informed opinions on today’s higher education industry.

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